Virendra Chauhan

Crude prices have surged 3 percent overnight. In an interview to CNBC-TV18, Virendra Chauhan, Oil Analyst at Energy Aspects shared his reading and outlook on the same.

See crude price rising to $70/bbl by end of 2017: Energy Aspects

Virendra Chauhan, Oil Analyst at Energy Aspects also warns that prices may also see a downtrend if key countries don't cut output. He is worried by Iraq's constant production rise and he fears that Iran along with Iraq may fail to comply with the production cut.

OPEC regains relevance as oil cuts to spur backwardation:Analyst

Late last year, OPEC and major non-OPEC countries announced join production cuts of around 1.8 million barrels a day starting this year, a move that many are upbeat about.

Oil may rise $10 on a successful OPEC deal: Energy Aspect

Virendra Chauhan, Oil Analyst, Energy Aspects believes if the deal is struck then there could be an initial knee-jerk reaction and crude prices would rise by even USD 10 per barrel but if there is no deal then it could signal a death of OPEC in many ways and oil would sell off.

See Brent crude in $50-60/bbl range ahead of Nov OPEC meet: Pro

Brent crude to trade in the range of USD 50-60 per barrel on back of uncertainty surrounding what OPEC will do in the next meet scheduled on November 30, said Virendra Chauhan, Oil Analyst, Energy Aspects.

Crude demand good, supply-side challenges remain: Energy Aspects

Demand for crude has been healthy this year and is expected to be good over the next year too, but supply-side challenges might continue, says Virendra Chauhan, Oil Analyst at Energy Aspects.

See no crude price decline after June OPEC meet: Energy Aspects

Virendra Chauhan, Oil Analyst, Energy Aspects expects no decline in crude oil prices after the June 2 OPEC meeting. He expects no change in prices after the meeting.

Expect oil price to rise over next 3-6 months: Energy Aspects

Speaking to CNBC-TV18, Virendra Chauhan of Energy Aspects said that he expects Brent to trade around USD 34 per barrel for the first quarter of this year and prices to gradually increase over the next 3-6 months.

Here are some commodity trading ideas from Virendra Chauhan

Watch the interview of Virendra Chauhan, Oil Analyst, Energy Aspects with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.